UNERAN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
UNERAN
Largest movements
- Tangible fixed assets -€155,111
down €155,111 (-17.6%), from €880,225 to €725,114
- Cash -€30,323
down €30,323 (-22.3%), from €135,746 to €105,422
mainly Trade debts (-€152,258) and Debts after one year (-€95,715)
- Stocks and contracts -€22,829
down €22,829 (-6.1%), from €374,593 to €351,764
- Trade debts -€152,258
down €152,258 (-36.1%), from €422,221 to €269,963
- Other debts +€99,678
up €99,678 (+9026.5%), from €1,104 to €100,783
- Debts after one year -€95,715
down €95,715 (-48.7%), from €196,534 to €100,819
- Tax, wage and social debts -€29,691
down €29,691 (-29.8%), from €99,494 to €69,803
of which Remuneration and social security: -€31,738
- Reserves -€17,194
down €17,194 (-2.6%), from €649,874 to €632,680
of which Distributable reserves: -€17,194
- Staff costs +€53,004
up €53,004 (+10.2%), from €521,795 to €574,799
- Gross operating margin -€26,342
down €26,342 (-3.3%), from €805,574 to €779,232
- Taxes -€17,655
down €17,655 (-95.2%), from €18,542 to €887
- Depreciation +€15,159
up €15,159 (+9.0%), from €168,825 to €183,984
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,523,299 | €1,333,493 | -€189,806 | -12.5% |
| Fixed assets | 21/28 | €885,875 | €730,764 | -€155,111 | -17.5% |
| Tangible fixed assets | 22/27 | €880,225 | €725,114 | -€155,111 | -17.6% |
| Plant, machinery and equipment | 23 | €101,847 | €87,565 | -€14,283 | -14.0% |
| Furniture and vehicles | 24 | €76,939 | €47,202 | -€29,738 | -38.7% |
| Leasing and similar rights | 25 | €427,210 | €389,781 | -€37,429 | -8.8% |
| Other tangible fixed assets | 26 | €274,229 | €200,566 | -€73,662 | -26.9% |
| Financial fixed assets | 28 | €5,650 | €5,650 | = | 0.0% |
| Current assets | 29/58 | €637,423 | €602,729 | -€34,695 | -5.4% |
| Stocks and contracts in progress | 3 | €374,593 | €351,764 | -€22,829 | -6.1% |
| Stocks | 30/36 | €374,593 | €351,764 | -€22,829 | -6.1% |
| Amounts receivable within one year | 40/41 | €109,397 | €122,062 | +€12,665 | +11.6% |
| Trade receivables | 40 | €83,569 | €103,759 | +€20,189 | +24.2% |
| Other amounts receivable | 41 | €25,827 | €18,303 | -€7,525 | -29.1% |
| Cash at bank and in hand | 54/58 | €135,746 | €105,422 | -€30,323 | -22.3% |
| Deferred charges and accrued income | 490/1 | €17,688 | €23,481 | +€5,793 | +32.7% |
| Total equity and liabilities | 10/49 | €1,523,299 | €1,333,493 | -€189,806 | -12.5% |
| Equity | 10/15 | €711,374 | €694,180 | -€17,194 | -2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €649,874 | €632,680 | -€17,194 | -2.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €643,724 | €626,530 | -€17,194 | -2.7% |
| Amounts payable | 17/49 | €811,925 | €639,312 | -€172,613 | -21.3% |
| Amounts payable after more than one year | 17 | €196,534 | €100,819 | -€95,715 | -48.7% |
| Financial debts | 170/4 | €196,534 | €100,819 | -€95,715 | -48.7% |
| Amounts payable within one year | 42/48 | €613,725 | €536,264 | -€77,461 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €90,906 | €95,715 | +€4,809 | +5.3% |
| Trade debts | 44 | €422,221 | €269,963 | -€152,258 | -36.1% |
| Suppliers | 440/4 | €422,221 | €269,963 | -€152,258 | -36.1% |
| Taxes, remuneration and social security | 45 | €99,494 | €69,803 | -€29,691 | -29.8% |
| Taxes | 450/3 | €2,341 | €4,388 | +€2,047 | +87.4% |
| Remuneration and social security | 454/9 | €97,153 | €65,415 | -€31,738 | -32.7% |
| Other amounts payable | 47/48 | €1,104 | €100,783 | +€99,678 | +9026.5% |
| Accrued charges and deferred income | 492/3 | €1,666 | €2,229 | +€563 | +33.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €521,795 | €574,799 | +€53,004 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,825 | €183,984 | +€15,159 | +9.0% |
| Other operating charges | 640/8 | €26,010 | €26,282 | +€272 | +1.0% |
| Non-recurring operating charges | 66A | €677 | €0 | -€677 | -100.0% |
| Gross operating margin | 9900 | €805,574 | €779,232 | -€26,342 | -3.3% |
| Operating profit (loss) | 9901 | €88,267 | -€5,833 | -€94,100 | |
| Financial income | 75/76B | €7,554 | €7,633 | +€80 | +1.1% |
| Recurring financial income | 75 | €7,554 | €7,633 | +€80 | +1.1% |
| Financial charges | 65/66B | €23,531 | €18,107 | -€5,424 | -23.0% |
| Recurring financial charges | 65 | €23,531 | €18,107 | -€5,424 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €72,290 | -€16,307 | -€88,597 | |
| Income taxes | 67/77 | €18,542 | €887 | -€17,655 | -95.2% |
| Profit (loss) for the period | 9904 | €53,748 | -€17,194 | -€70,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,748 | -€17,194 | -€70,941 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.